Category: Regulation

On Aug.13th, the publishing house of People’s Daily released a handbook titled “Blockchain-A Guide for Officials” aiming to offer knowledge about blockchain to the party’s bureaucrats. The book elaborates on the origin and core features of blockchain, potential use scenarios in the future and challenges the tech poses to business models and law enforcement. Ye...

The deputy director of China’s Ministry of Industry and Information Technology (MIIT) has urged the country to “unite” forces to foster blockchain as a “core” technology for the new digital economy, according to a post on MIIT’s official website today, July 16. Speaking at the 2018 National Expert Forum on Manufacturing Powerful Countries, the Ministry’s deputy director Xin Guobin said...

The Industrial and Commercial Bank of China (ICBC), one of China’s “Big Four” state-owned commercial banks and one of the world’s largest by total assets, is seeking to patent a blockchain system for the exchange of financial assets. According to a patent application filed by the bank in January and revealed on Friday, the system...

The Ministry of Industry and Information Technology has officially released the White Paper on China’s Blockchain Industry Development in 2018 – making it the first official white paper on the blockchain industry within China. Key Information the number of blockchain focused companies within China has reached 456; This figure is made up of upstream hardware manufacturing,...

The Chinese government’s announcement that it is blocking ICOs (Initial Coin Offerings) on the grounds of economic and financial disruption has destabilized the digital world order. Those who have completed ICO fundraising are now required to return funds to investors, many of whom, along with other crypto-enthusiasts, are left concerned about the uncertain future of...

After the joint announcement of a ban on ICOs on September 4th, all kinds of token issuance financing activities must be stopped immediately. The strict administrative instruction directly forces out the unrestrained ICO. In this delicate period, Liu Dahong insisted on publishing this interview, stating that he is going to create a bold vision for...

After the cancelled DACA International Blockchain Summit last weekend, more events in Beijing related to blockchain and cryptocurrencies are being cancelled or postponed, including the 2017 Shape The Future Conference. The event invited more than 80 enterprises and blockchain experts from all over the world were supposed to give speeches. In addition, the first Chinese...

Regulators are about to begin scrutinizing China’s initial coin offerings(ICOs) — an industry worth hundreds of millions of dollars. Local outlet Caixin reported that a notice, issued by a working committee that oversees risk in the country’s internet finance sector, said new projects raising cash or other virtual currencies through cryptocurrencies will be banned. It...

Bitcoin is booming in Asian markets and mobile transactions are increasingly popular in industries where cash used to be king, like shopping abroad. The Chinese mobile payment platform Alipay announced this week its tap-and-go system soon will be compatible for shopping at more than 4 million American stores, strategically marketing to Chinese students and tourists in the U.S. Mobile payment...